St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-04
ST. PAULTRUST COMPANY,
Cor. jackson and Fourth SITS.
Safe Deposit Vaults. s seo s1ss ss Ss con for
rent and low rateS
FINANCIAL.
New York,
rent and low rat

NEW YORK, June 3.-Money on call easy at
312@5 per cent, closed offered at Prime
mercantile paper sac. Sterling exchange
dull but steady at 81 1914 for sixty day bills.
played tone to-day in marked contrast with
that of yesterday, scarcely trace of the gen
efal weakness remaining, and almost every
thing making handsome recovery. There
were buying orders at the opening from both
foreign and domestic sources, but the pro
fessionals fought the improvement and soon
made a raid upon values which had some
effect, but failing to dislodge any long stock
they soon started to cover and the advance
inaugurated lasted well into the afternoon
When the usual realization closed the market
showed fractional concessions. The demand
from the foreigners was light and insufficient
to check the raid of the bears until aided
by the covering of shorts. The favorite points
yer, Richmond u West Point I'm
ion Pacific and Hooking Valley.
The first named stock, however, rallied
sharply and for the first time in MANY DAYS
closed with a net gain for the day. Jersey
Central was at one time remarkably strong
when it became known that progress was be-
ing made upon the reorganization plan The
Changers were strong, especially Northwest
ern. upon the large increase in earnings
above those formerly reported. Wheeling
d Lake Erie was the only stock which didn't
yield TO the bears raid of the morning and
rose steadily until the last hour The OPEN
ing was flrm TO strong, advances over yes
terday prices ranging up to la per cent on
the active list. The trading was quiet. with
five or six stocks doing most of the business
and it early became dull. The coalers dis
played some strength in the early dealings
but the remainder were heavy to weak, and
fractional declines were established over the
entire list, though Fort Worth & Denver and
Hooking Valley were specially weak. To-
wards noon irmer tone became apparent
and Fort Worth advanced joined later by
New Jersey Central. The upward
mount was checked toward 2 D. m.
and i'll the last hour prices sagged
off, the market closing quiet and heavy.
Sales. 246,46 shares Reading 81, $40.
Wheeling Lake Erie 400, Jersey Central
1000, Northwestern Ii, 49, Fort Worth d
Denver IL, 100, Richmond x West Point 49,
400, st. Paul IL 400, and Erie 11,2lO. Al
most the entire active list is higher this even
ing, although net advances are confined to
fractions only in most cases, but Jersey Cen
trail is up 1Ss and Oregon Improvement ia.
Railroad bonds more active; sales, S2O6l.-
900; Atlantic d. Pacific incomes furnished
100000 and West Shore tours S299. 600
Closing prices are irregularly changed. GOV
ernment bonds were dull and steady State
bonds were dull and steady. The total sales
of stocks were 247 ,462 shares, including:
Del, L. & w. 10000 New j. Cen II AGO
Erie. ........... II, 210 North. Pac. 1925
Ft. W. d DENY Is, 100 Reading 81. $40
Louis. d Nash. 4,200iS.t Paul III 400
Missouri Pacific 1920 Union Pac -. 6.3IO
Northwestern. Ia ,15OWest. Union. 6,722